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  4. [Form 4] Public Policy Holding Company, Inc. Insider Trading Activity

PPHC (PPHC) EVP Ronald Starzman sells 2,116 shares in open-market trades

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Public Policy Holding Company, Inc. executive Ronald J. Starzman Jr. reported selling a total of 2,116 shares of common stock in two open-market transactions. He sold 575 shares on June 10, 2026 at a volume-weighted average price of $10.19 per share, and 1,541 shares on June 11, 2026 at a volume-weighted average price of $10.35 per share. After these sales, he directly holds 52,036 shares of the company’s common stock, indicating he retains a substantial equity position while realizing some liquidity.

Positive

  • None.

Negative

  • None.
Insider Starzman Ronald J. Jr.
Role Insider
Sold 2,116 shs ($22K)
Type Security Shares Price Value
Sale Common Stock, $0.001 par value 1,541 $10.35 $16K
Sale Common Stock, $0.001 par value 575 $10.19 $6K
Holdings After Transaction: Common Stock, $0.001 par value — 52,036 shares (Direct)
Footnotes (1)
  1. Represents volume-weighted average price of sales of 575 shares of Company stock on June 10, 2026 at prices ranging from $10.12 to $10.45. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on June 10, 2026 at each separate price. Represents volume-weighted average price of sales of 1,541 shares of Company stock on June 11, 2026 at prices ranging from $10.25 to $10.45 Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on June 11, 2026 at each separate price.
Total shares sold 2,116 shares Aggregate open-market sales reported on Form 4
Shares sold June 10, 2026 575 shares Open-market sale at volume-weighted average price
VWAP June 10, 2026 $10.19 per share Volume-weighted average sale price for 575 shares
Shares sold June 11, 2026 1,541 shares Open-market sale at volume-weighted average price
VWAP June 11, 2026 $10.35 per share Volume-weighted average sale price for 1,541 shares
Post-transaction holdings 52,036 shares Direct ownership after June 11, 2026 sale
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
volume-weighted average price financial
"Represents volume-weighted average price of sales of 575 shares"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Common Stock, $0.001 par value financial
"security_title: Common Stock, $0.001 par value"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did PPHC executive Ronald J. Starzman Jr. report?
Ronald J. Starzman Jr., EVP of Human Resources at PPHC, reported selling 2,116 shares of common stock in open-market transactions. These sales occurred over two days and were disclosed on a Form 4 insider trading report filed with regulators.

How many PPHC shares did Ronald J. Starzman Jr. sell and at what prices?
He sold 575 PPHC common shares at a volume-weighted average price of $10.19 on June 10, 2026, and 1,541 shares at a volume-weighted average price of $10.35 on June 11, 2026. Both transactions were classified as open-market sales.

How many PPHC shares does Ronald J. Starzman Jr. own after these sales?
After the reported sales, Ronald J. Starzman Jr. directly owns 52,036 shares of Public Policy Holding Company, Inc. common stock. This figure reflects his remaining direct holdings following the two open-market sale transactions disclosed in the Form 4.

What type of security did Ronald J. Starzman Jr. trade in the PPHC Form 4?
He traded PPHC common stock with a par value of $0.001 per share. Both transactions involved non-derivative securities, meaning they were direct trades in the company’s common shares rather than options or other derivative instruments.

Were the PPHC insider sales by Ronald J. Starzman Jr. open-market transactions?
Yes, both transactions are labeled as open-market sales, with transaction code “S” and the description “Sale in open market or private transaction.” The prices are reported as volume-weighted averages over specified trading ranges on each transaction date.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Starzman Ronald J. Jr.
(Last)(First)(Middle)
800 NORTH CAPITOL STREET, NW
SUITE 800
(Street)
WASHINGTON DISTRICT OF COLUMBIA 20002
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Public Policy Holding Company, Inc. [ PPHC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
Officer (give title below)XOther (specify below)
EVP, Human Resources
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $0.001 par value06/10/2026S(1)575D$10.1953,577D
Common Stock, $0.001 par value06/11/2026S(2)1,541D$10.3552,036D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents volume-weighted average price of sales of 575 shares of Company stock on June 10, 2026 at prices ranging from $10.12 to $10.45. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on June 10, 2026 at each separate price.
2. Represents volume-weighted average price of sales of 1,541 shares of Company stock on June 11, 2026 at prices ranging from $10.25 to $10.45 Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on June 11, 2026 at each separate price.
Remarks:
/s/ Ronal J. Starzman, Jr.06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR